Richard Wolff on How Russia Destroyed NATO’s Economic War and Europe is Collapsing
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- Опубліковано 29 вер 2024
- Economist Richard Wolff joined the show to discuss how Russia has become the fourth largest economy in the world in PPP terms despite having 16,000 sanctions imposed on it. This video breaks down Russia's genius strategy for overcoming the odds which has the West absolutely in shambles.
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#russia #nato #sanctions
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Some economists have projected that both the U.S. and parts of Europe could slip into a recession for a portion of 2024. A global recession, defined as a contraction in annual global per capita income, is more rare because China and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
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Physiology of Plunder
When Plunder Becomes A Way Of Life For A Group Of Men In A Society, Over The Course Of Time They Create For Themselves A Legal System That Authorizes It And A Moral Code That Glorifies It.
Fre'de'ric Basiat
Awesome thankyou for sharing the truth Kia ora👍🏼Danny h 👍🏼 Richard Wolff👍🏼 save gaza.❤
This is very true thank you so much ❤❤
I salute you for being Honest and Intelligent person! I am anti-Communist, but I admit you make sense and you are ABSOLUTELY INDEPENDENT
which is rare quality in the U.S. Bravo!
Thank You professor RW.!!
The west playing checkers while russia playing chess ‼️
America's Walton Family has almost single-handedly grown China's economy; $500 Billion dollars per year of cheap Chinese goods to be sold at their Chinese Distribution Centers across America, for 30 years!
Thank you. Best wishes.
WOW!!
❤️❤️❤️ DANNY !!
Pride (the west) comes b4 a fall 👁️👁️
It is sad to note that the voters in US have been blindly let by their TV stations when they have thinkers like Prof. Wolff and so many others to guide the nation; instead of fearing the loss of bullying other nations. This just results in the nation digging deeper into all kinds of economic problems.
Whatever economic system is in the place,the elites and wealthy always figure out how to rise to power and influence.
I use to get upset also but I stop doing that
no one paid attention to the important statement. So far, we have decided to postpone the admission of new members to the BRICS
Another fascinating and most educational interview with the wonderful Prof. Wolff. Thank you. How come Yellen, your fellow student. is so clueless. Sycophancy?
thank you!
Today, Russia and China could not be so easily bullied by USA and it's allies by their use of financial sanctions.
Time had changed.
USA and NATO will comes out of these sanctions the worst of as their economies deteriorate.
Professor, don't you think that the EU countries have always been the dinner on the American table? The same dinner as Ukraine in terms of human resources. Do you think analysts who order European governors-general to impose sanctions against Russia, which is essentially an autonomous country-civilization, do not understand that Russia has been called Phoenix for centuries, because it has always had natural resources and human potential with great fortitude and knowledge that will always revive Russia, despite any difficulties? Unlike Europe, emasculated in all plans, which will not resist the power of the Anglo-Saxon gang of "gardeners" and will always be ready to sacrifice itself for the sake of the interests of the United States?
Capitalism IS Unstable! WOW 😮!
Not so but i understand from where Richard Wolff is coming from
Imagine what Russias economy would be if they were not sanctioned…
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I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
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Last year, the EU approved 12 sanction packages against Russia and the Russian economy grew 3%. Meanwhile, the German economy is in "tatters". The EU sanctioned itself.
Thats normal when you switch to War Economy.
Best example is Nazi Germany' GDP growth from 1939-45, in Economy it is called the "The Broken Window Fallacy".
Russia few weeks ago had to raise corporate taxes up to 5%
Germanys economics had nothing to do with Russian sanctions, everyone in Germany knew that when the "Traffic light coalition" came to power that it will shut down more power plants, which will hit their economy
Yeah…birth rates are below replacement in Europe and that’s only going to get worse, which is not good for consumerism and therefore not good for capitalists. That’s why Germany’s manufacturing sector was demolished, because they’re abandoning Europe for the global south with booming populations and natural resources. Europe will likely be turned into conflict zones for the purpose of the military industrial complex.
You realize the goal here is to bring down the EU and US to 3rd world status, correct? That's how a one world government comes into being.
Follow usa master you'll be OK with master puppets
And how are lies and BS helping Russia? it is now the 12 largest economy falling from the 8th and going down. Russia is a 2nd world nation that is close to 3rd world status etc etc etc ..
Well Russia didn’t need to raise protectionism barriers to protect their economy, sanctions did the job.
Yes, the Russian government took exactly zero action.
That's what happens when you try to make the other kids take their ball and go home. They make new friends and develop new hobbies on their own. I tried to warn everyone, but no one would listen to me 😭
@@riverzend1033 except Russia isn't doing that. It's sitting on the side lines crying and begging to be let back in. China is over there offering a new friend group but Russia is in love with Europe.
@@yaelz6043are we on the same planet lol
@yaelz6043 Russia is the grown up nation in this conflict ... telling the western click of aristocratic leaders "going to war with us and sanctioning us economically is not good for you, you will loose, I'm offering you a way out, take the hint, don't drive over the cliff"
Russia has been praying that the EU would re-appoint Ursula as head of the EU. She has performed a miracle on the Russian Economy and now can continue her work.😁
HAHA!! Also Kaja Kallis from Estonia , expert in foreign affairs!!
That's right! 😂
😂😂 economy Russia is in tatters!!
Ursula Fond-of Lying
@@marcobrother1955 you mean Europe
President Xi tell President Putin, if you breakup, China will be next.
President Putin also tells President Xi, if China break up, Russia also will be next.
So, why not we both work together.
Because China needs West more than it needs Russia
So both are breaking up then.😂
China is light years ahead of the usa. The usa are terrified of the Chinese economy and have told them to stop producing so much! america can't compete so have to turn to agression!
@@FreaksSpeaks No! That is Freak-Speak and thinking... It's in fact the opposite. Check it out for yourself if you can, and avoid watching CNN 😂😅🤔
@@Give_Peace_a_Chance123 why is it taking the world's second army 3 years to defeat a small.country?
Russia stimulated infrastructure as well as military. Moscow and St. Petersburg are jewels of Europe.
The people of Moscow and Petersburg are not genocidal rapists so stop calling them Europeans.
Except people don't feel that money, only shineness..
It's true though that life outside Moscow or Sankt Petersburg is way more expensive and less paid
So what? So are Paris, Rome, Madrid, Berlin etc!
i guess if you dont value your freedoms then rusha is your horse.
@@charlesnone4628 what do you mean by freedom, do you have the freedom to prevent your country going into unnecessary wars. Do you have the freedom to stop illegal immigration. Do you have the right to safety in your country. No one is having real freedom whether democracy or dictatorship.
Besides collective China hasn’t forgotten what foreigners did to their country in the 19th century.
That also include Russia
Opiumwar? 😅
@@galgalimeyes91 yes.
yes, 30 million people died, russi 27 million. That is called national trauma. and the west is even punishing them till today. India and UK, 160 million people killed by the Brits. Now, lets talk about Afrika and the middle east. The west is hated, don't forget the west is only 20% of the world
"collective China" - How often have you been to China and talked to the average Chinese? I have never been to China but I do not claim to know what "collective China" has forgotten or not. Most of the history you are taught in school and media is not how it happened.
Another thing about China with their 1.4 billion population is that every year for a time, I don't remember the # of years but significant, they have brought 400million people out of poverty, which of course is more than the population of US.They certainly deserve recognition for that.
Yup! The dog called OVERCAPACITY is also necessary to supply us with BASICS of life during these Volcanoic and other weather conditions.
Clean energy too.
West is constantly on reductionist models.
Scarcity and austerity.
THERE IS NO NEED FOR IT.
WE can even be good to our fellow beings on earth and not 🚫 destroy their habitats either.
It's all good if we let it!
800 people, I believe. The largest middle class in the world.
While US domestic policies driven by the political donors who control the US government have impoverished huge numbers of its own people
But it's not sustainable in the long tern without Russian resources. When Russia has seen off the US, it will have to defend it's resources from China too, eventually. We live in a finite World and our fossil energy legacy is fast running out.
They eliminated extreme poverty, not poverty. There's still poor in China, as there are in every country. But yes, even just for that, they deserve recognition.
The globalists wanted to make a fool out of Russia. But instead, the globalists ended up making fools of themselves. Let that be a lesson.
✅✔✅✔
Just what is the lesson?
Please I really want to know what the lesson is tell me.
@@martinmcewen4614Don't start suicide missions.
@@martinmcewen4614Don’t go after a dictator when your leader is Joe Biden
@@martinmcewen4614 The lesson is... just like WW2 got the US (and the rest of the world) out of the Great Depression - the Ukraine war got Russia out of economic issues due to spending on the military 👍
The source of the growth in Russia is the decentralization of power that was the norm during the Soviet era. They voted in a new constitution that adopted many principles of the US Constitution. In addition, Russia has a flat income tax rate of 12%. Russia is the largest country in the world, covering 11 time zones. A centralized government is just not practical. Putin was smart in transferring power to the various regions of the country, with a central government that coordinates policy, not dictating it.
Also, unlike the USA, Russia did not mothball its military manufacturing capacity. Russia has been very smart in structuring its manufacturing for dual use. The new defense minister is an economist, not a military man. His mission is to continue this policy of dual use and ensuring that military production is as efficient as possible. Once the war is over, the manufacturing base will be converted back to production that supports economic growth.
Well Russia practice mixed economy, both. The state controls critical parts of the economy like arms production and the rest is capitalism like China, India.
You must've smoked some strong stuff if you believe in decentralisation of power in Russia 😂
From the very beginning of his reign, Putin has been building "the power vertical" - a totally centralised political system under his full control.
Also, Russia no longer has flat income tax.
Another advantage of RF and PRC is that they select people for functions based on their knowledge and merits instead of their sexual orientation like they do in the West.
Savage!
Savage.
Nah, more like based on who they know/whether they can schmooze: cronyism, nepotism, and sycophants.
@@amybly1400 sounds like european politics
so like the U.S.@@amybly1400
The members of G7 are Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.
List of countries by external debt:
1. United States of America (34.4 trillion)
2. United Kingdom (9.65 trillion)
3. Japan (9.2 trillion)
4. Germany (6.1 trillion)
5. France (3.4 trillion)
6. Canada (2.9 trillion)
7. Italy (2.6 trillion)
157. Russia (282 billion)
List of countries by external debt in relations to % of GDP:
8. United Kingdom (283.82 %)
9. Japan (263.00%)
25. Canada (126.94%)
27. United States of America (122.65%)
30. Italy (120.00&)
32. France (112.06%)
74. Germany (65.33%)
188. Russia (13.67%)
Wow excellent information. These idiot countries should be trying to emulate Russia
Excellent post ! Thanks for the stats. I took a screen shot. All the best !
Isto e o que os mídia arlequins ocidentais deviam informar e não os gráficos fakes que nos mostram every days
Thanks for the stats!!
Great work!!!! Amazinggg. Thank you my friend!
Russia with Love ❤❤❤❤
"From Russia with Love".
And we would have gotten away with it too, if it wasn't for those meddling kids
That's a scooby doo reference, lol
With love from seattle washington 😅 Maybe someday our government will wake up and stop Spending all of our money policing the world >.
policin😂😂 its terrorizing😂😂@@riverzend1033
Lots of love with lots of beautiful women.👏🌹💯🇷🇺
Blessings to the widows and the female soldiers, who fight. when the young men run out if they can afford leaving the war in Ukraine. Some cultural corrections needed there honestly.
Hopefully you in Ukraine pay attention to NATO, that they announced on different occasions and through various leaders that "Ukraine will not be a member of NATO". then you may understand that Zelensky is taking money from the west for his prosperity. Zelensky doesn't care about the Ukrainian people who fight on warzone fields, or who are captives in Russia now. Zelensky provoked Putin in a war that you will never win, Because the world understands that Ukraine was One entity with Russia before the Soviet Union collapsed, And the NATO who are not following the international agreements which prohibit NATO from expanding to East. Regardless of Latvia or other countries who joined the Euro. Ukraine is very known to be the Gate to invading Russia. Thus the world will understand the consequences for Zelensky's actions. He is not even willing to hold elections as long as he is still staying in Ukraine. After the war as any defeated president he will fly to get protection of one of his allies, when he already signed on the selling of Ukraine land to Poland benefit for example. Poland should not push you to fight and push you back to don't export your goods through them to make you unable to pay for the war unless by deserted lands.
Pay attention that Putin threatens and threatens,.. Then when Putin moves, NATO is not ready to sacrifice their prosperity to protect Ukraine. They are only ready to sell weapons to Ukraine and get very wealthy because of that. Remember what Biden said, that the money he uses to fund the Ukraine war is spent in the American defense complex not in Ukraine. And remember how many generals in the army buy goods for the army that are priced 3 times higher than the market price (1/3 for the producer + 1/3 for Zelensky + 1/3 for army generals “army generals who use Soldiers Wifes”). Then Normal people in Ukraine (not the war benefiters) will understand why poor who must die and rich shall get richer.
Go BRICS ❤❤❤
I wonder if brics would consider accepting individuals.😁
Both sides are corrupt I wouldn’t support any of them
So you have better Idea @@Wanderer2035
If us and Europe were smart they would do no business with anyone in brics and you would see it collapse pretty fast because china would probably get tired of paying for it
Sanctions makes you
make stuff for yourself
Mr. Danny I have watched you grow, you are doing a good service.✌️
Absolutely
he gets good guests then he asks for money.
@@drakekoefoed1642 people are allowed to earn, you cheapskate
@@drakekoefoed1642 Don't look.
@@drakekoefoed1642 That's surely normal. He has to live and pay his guests?🤔
It means Russia is growing when it "detaches" from the West, being forced to by economic sanctions & isolation by the West.
The Russians have had never thought that in such an adverse scenario is actually helping them to be independent, delink & "break-free" from the Western sphere has helped them to grow, prosper and gained global influence & importance!
Seems like during the time of plenty the Russians drown themselves in vodka but adversity hits and they set aside their tomfoolery and hit the ground running. Literally like the bear they are likened to. 😊
It seemed Putin, for a long time, wanted to join the Collective West, NATO, etc. But he also hedged his bets & had been building relationships with the rest of the world. And once he realized that the West decided to always be Russia’s enemy, Putin had the rest of the world to befriend. These changes are scary & exciting and I love the idea of BRICS & this new multipolar world! 🌎
the russians realize that they don't need the west to thrive
Well said ! This is a template for every nation that wants to be sovereign, independent, and self-sufficient. When you're self-sufficient, other people come knocking and asking, hey, can we buy some of that - then you make more of it !
Wait, commodities matter?
Dr Wolff is the best explainer
however, sadly ... G7 is a war group NOT really for trading !!!
You know you're in a very sad place in life when you're extreme worst f****** enemy is your government😢😢
It’s also that us and eu don’t understand how irrelevant sanctions are. All they can do is to cut from western market, but all the western market can provide is high tech stuff that, because it didn’t even exists a few years ago,, is not important at all. Russia has the technique and natural resources to replace everything else, and what it can’t do for now can be traded and learned from China.
Mexico supports Russia 🪆🪆
Mexico support BRICS+
Mexico and Russia have been good friends for a while. A lot of people don't know that Mexico let Russia build a tunnel in WW1. Also when Trump tried punking Mexico, guess who stepped in? Putin told Trump to pipe that shit down and that if USA cut ties with Mexico, Russia told Mexico don't worry. I'll buy your products and sell you airplane ✈️ if you need anything.
On *incompetence* 📙"Peter's principle"
"Peter which observes that people in a hierarchy tend to rise to "a level of respective incompetence": employees are promoted based on their success in previous jobs until they reach a level at which they are no longer "
THIS is the winning post. Just about every company in the US is based on Peter’s Principle.
Everyone should have read that book when young. It´s everywhere, I have always worked on big firms, Portugal, in my view all of the big enterprises suffer the same.
That's true but an economy controlled by SANE people can still expand without war,, look at China... I don't like the Chinese Communist Party but I don't live there and raising a BILLION people out of poverty in 30 years is pretty impressive and they did it WITHOUT war... that's the main problem with cutthroat capitalist systems, they ALWAYS wring the most production out of the least workers and maintain a significant unemployed population to play wages and benefits against.. Prof Wolff is talking about the great depression, perfect example because I would call it a contraction since Americans could still get products if they could afford them but Wall Street was changing the agricultural paradigm from men with horses and mules to fuel-powered tractors... The fact that the financial class in America couldn't care less about average Americans was exemplified perfectly in the movie The grapes of wrath,, where Farmers unneeded back in Oklahoma or Illinois because their farms were being plowed by tractors instead of them, but there was always jobs in California picking fruit for 10 cents an hour... ALSO the Wall Street plan was for all those unemployed men to be sucked into the military to go and defeat the Soviet Union,, but the way it turned out Wall Street depended on their stooges in Germany and Japan,, with industrial Capital flowing to those militaristic regimes on each side of the Soviet Union who BOTH eventually ended up turning on Wall Street... And Wall Street has not changed their game plan even after those two phenomenal blunders, they're using proxies again with the Ukrainians in Europe and the Taiwanese against the Chinese ... my POINT IS that the Russian economy is picking up because of the military struggle but that growth will be sustained by their solid partnership with the BRICS,, there are activists in the United States also who have the same goal as the Russians and the Chinese which is the destruction of Wall Street and the destruction of Wall Street's brand of cutthroat capitalism...
34 Trillions debt puts The US on level with Jamaica😂😂
That's only gov debt. Add US personal and corporate and the figure is around 70 Trillion with 150 Trillion in unfunded liabilities.
@@iainw5081print more money
@@iainw5081 when shall we expect the boom of the baloon,,,,,,,
Still cannot understand.
It must be jealousy. The jealous are troublesome to others but torment to themselves. William Penn
An absolute realistic and eye opening presentation. How indeed the uk usa eu continue to live in total denial !
Economic failure begins and lays also within governance - foremost if its goals are selfish then only the state's existence is affected. Selfishness not Money is the Root Of All Evil.
Good analysis.
Very well explained, Professor. Thank you very much.
I noticed that many people claim that it's not free in China or Chinese people are not free. Yes there may be some differences for some extremely wealthy people because in capitalist country you can do anything if you have money, even it's not allowed by the law. But for people in or under middle class, China is more free. My friends and I have experinces in both China and capitalist countries, and we all agree with that. So many people are making judgment just according to their imagine and biased propoganda. If you know some Chinese you could have a wonderful life in China. The Chinese government is not the BIG BROTHER. But the American government is more and more like the BIG BROTHER now.
The world need a level playing field.. No more sanctions
"level playing field" is said for the looser, proof, USA never in the past use those three word together until China...
The West plays Backgammon. Putin plays 3D Chess. He's always been 10 steps ahead of anything the West can throw at him.
I’m not big on Marxism but I always enjoy listening to Mr. Wolf’s articulate and intelligent perspectives.
❤U guys show, great topic very interesting ❤Palestinian. Proud African
Remember…Edgar Cayce said “ Russia will be the savior of the world.”
the Bulgarian woman Vanga and Seb clairvoyant Veritsa Obrenovic also spoke, and the third message of Fatima was about Russia, but the Vatican hides it
How can Biden understand anything?
Capitalism isn't perfect!!! But I would take it all day long to infinity compared to socialism or communism!!! Socialism and communism look great on paper but they simply don't make money!!! Wherever socialism has been implemented it always ends in failure, because it simply doesn't make money!!! Here in the United States, our problem isn't capitalism, its corruption versus the having government actually pass policies to optimize quality of life and well being for its citizens!!! Instead here in the United States policies are very, very self destructive and if not changed for the better will lead a Great Depression 2.0!!!!
Totally agree with you in regard to what you're stating. Agree with the other facts Woolf is saying.
Prof.Wolff- Your analysis is very reliable /reasonable and very informative- Thanks both of you-❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
What's really behind this debacle is the EU's exaggerated opinion of themselves. The truth is that they have no natural resources, so they have to import everything, but that's not the foundation upon which to build or maintain heavy industry. Consequently, the industry either left already or is going to. Their trade with Russia was a drip that has now been turned off.
Denial….not just a river in Egypt anymore. 😂
our growth is fantasy. sure, gnp is up, but it's all stock derivatives and bank late fees and such. my 1974 pickup was $4k but today you cannot get it for $40k. i made $5 an hour when i bought it, $3.50 the year before when i saved up money. in 2020 i made $10/hr at a much worse job. part time no benefits. so i was making 1/4 what i did at 63 as i did at 17. of course the rich got richer.
US economy is of 3rd world now, jobless and homeless😢 everywhere, while Russia raised the standards of living big time ,soon we will see and know what's next thing to happen worldwide with this great shift of power and balance! Go Russia and free Palestine!!!
Von de liar , we don't buy cheap Russian oil LNG energy. We prefer 3x more expensive US energy supply and expand NATOO east ✌✌✌
Thank you very much for hosting the American economist, Richard Wolff.
Correction @14:58 Special military operation, not war. According to the Russian Federation.
This guy tells it like it is.
Excellent show!
I’m generally with the good professor. But I feel he mistook the Russia change. They invested in many things e.g. energy, resources, trade etc. before the military complex. it wasn’t until the west really pushed the boundaries they ramped up that. They did that very effectively when they needed to, so I understand the misunderstanding.
The Global South is comfortably swimming downstream, while the collective West is struggling to swim upstream. Hello multipolarity! 🥳
too much sanctions and tariffs on Russia will hurt G7 too
It's hurting the EU more than Russia since the EU is poor in natural resources. The sanctuary backfire on the EU. Now the EU announced 14th package of sanctions on Russia and threaten China too. It's will be painful for the EU. Pure insanity. Sanctioning the largest natural resources, and manufacturing countries the EU is digging itself it's own grave. 🤡🤡🤡🤣🤣🤣🤔
Biden and Yellen went to Cina to lecture them on how they ought to be doing things? This is something Grade School Children (lacking good judgement) would do in preparation for their upcoming school election. In what era do these two live? Thank you Professor Wolff for enlightening us.
Why Gas is So expansive I m sick and tired of this Shit Useless Congress
Logic defies definition. The USA one the largest producer of oil and gas, how come the price is high. Well all the profits goes to Wall Street.🤭🙃🤔🤡
america remember whats good for the goose is good for the gander but thanks for the lessons much appreciated
Thanking everyone
Thanks Danny H 👍🏼👍🏼👍🏼 Aotearoa nz 😊.
I wished most Americans knew what Mr. Richard Wolff is addressing in this presentation. Accept the facts.
The fact that economic metrics seem more positive during wars speaks more about how ridiculous they are, more than the economy itself.
That's true but an economy controlled by SANE people can still expand without war,, look at China... I don't like the Chinese Communist Party but I don't live there and raising a BILLION people out of poverty in 30 years is pretty impressive and they did it WITHOUT war... that's the main problem with cutthroat capitalist systems, they ALWAYS wring the most production out of the least workers and maintain a significant unemployed population to play wages and benefits against.. Prof Wolff is talking about the great depression, perfect example because I would call it a contraction since Americans could still get products if they could afford them but Wall Street was changing the agricultural paradigm from men with horses and mules to fuel-powered tractors... The fact that the financial class in America couldn't care less about average Americans was exemplified perfectly in the movie The grapes of wrath,, where Farmers unneeded back in Oklahoma or Illinois because their farms were being plowed by tractors instead of them, but there was always jobs in California picking fruit for 10 cents an hour... ALSO the Wall Street plan was for all those unemployed men to be sucked into the military to go and defeat the Soviet Union,, but the way it turned out Wall Street depended on their stooges in Germany and Japan,, with industrial Capital flowing to those militaristic regimes on each side of the Soviet Union who BOTH eventually ended up turning on Wall Street... And Wall Street has not changed their game plan even after those two phenomenal blunders, they're using proxies again with the Ukrainians in Europe and the Taiwanese against the Chinese ... my POINT IS that the Russian economy is picking up because of the military struggle but that growth will be sustained by their solid partnership with the BRICS,, there are activists in the United States also who have the same goal as the Russians and the Chinese which is the destruction of Wall Street and the destruction of Wall Street's brand of cutthroat capitalism...
The economic metrics are absolutely not positive during war time. Just look at what happened to the British Empire. WW1 and WW2 totally destroyed the British Empire, saddling it with a weaker currency and large sovereign debt. The same is happening in the USA. They have been essentially at war continuously since WW2. The dollar has weakened and the government is $35 Trillion in debt.
Not for Ukraine...
@@micnorton9487Why couldn’t they recruit millions of unemployed men? How could they possibly not want to fight
@@randomlygeneratedname7171 @randomlygeneratedname7171 A lot of men did... but recruiting for the military doesn't work very well in a democracy when there isn't an actual war,, sure you'll get the bums who can't do anything else and guys running from something but it's tough to take men away from families and decent jobs... ALSO there was a significant socialist and communist faction back then that didn't buy the horror stories about communism (everyone on the block had to share the same toothbrush was a common propaganda bit)... and like now,, if Wall Street can get someone else to do their fighting for them that's always a plus... in the 30s Wall Street had already backed Adolf Hitler's Nazi party and the savagely militaristic regime in Japan,, again the way things worked out Hitler went nuts and decided to declare war on the entire world instead of just Russia and the Japanese were too busy rampaging in China to get their army up to the Soviet Union... although there were a few skirmishes in far Eastern Russia,, they didn't work out well for the Japanese who found out that the Soviet Union would not give up ANY territory without one HELL of a fight... in fact Stalin purposely kept General Zhukovs Siberians in the far east of Russia to deter Japanese aggression there BUT moved Z's divisions to Moscow after the Soviet intel net found out the Japanese were planning on conquest in the Pacific by taking western interests...
Profesor Richard Wolff and Danny Haiphong thank you for your brilliant program and analysis of the whole situation I learn so much from your great background history
it's not capitalists economies that boom and bust. just the US dollar economies. switzerland and austria isnt unstable. wouldnt say france has boom and busts. what about capitalist african countries that never boomed. corruption causes that not capitalism
Thanks!
Prof Wolff has suggested a very interesting PhD project for a political scientist. Analyzing western narratives through media manipulation and then relating the media Zeitgeist or mood to factual economical trends of these targeted countries.
I get a feeling that the better China and Russia were doing, the worse the media mood on these countries becomes.
For more granularity, the PhD student can look at narratives trends and match it against China's or Russia's government policies and the results of those policies, especially when they are dealing with internal and external economic problems. I also have a feeling that the more successful these policies were at dealing with economic problems, the worse the misrepresentations were in western media.
Russia's faltering economy and China's collapsing economy. The overheating US economy?😂 Which way is up?😅
The New York Times is the toilet paper of Record in America, makes great bird cage liner.
As to China's growth - you can't compare apples and oranges. China started picking up after the Mao regime philosophy (i.e. from a very low level) was replaced by a more modern approach incorporating capitalist features. There was a huge gap of opportunity as China's economy was not mature and also, labor was cheap and people could be moved anywhere as the party saw fit.
@@annalivia1308 I thought you were Irish 🇮🇪 with the name of our famous Annalivia, and the Geilge, 'Its my Story' till l saw your American spelling.!🤣😂😅
Highly respected speaker. Well done.
Brilliant commentary as usual Professor Wolff; except this one really hits home regarding the Ukrainian War and Biden’s interpretation of it. Absolutely Brilliant!!
Dr Wolff is toooo intelligent and what he said blows my mind
Really great talk. Lot's of new perspectives for me.
Poor little United Satanists... it's breaking my heart 😭😉
I like and appreciate Mr wolf's honesty.
❤✝ CHRIST IS RISEN ✝❤
❤🚀🇷🇺🙏✝ BLESSED ARE THE PEACEMAKERS ✝🙏🕊🇷🇺🦾
Yeah, but this time, he ain't doing magic tricks.
Blessings to the widows and the female soldiers, who fight. when the young men run out if they can afford leaving the war in Ukraine. Some cultural corrections needed there honestly.
Hopefully you in Ukraine pay attention to NATO, that they announced on different occasions and through various leaders that "Ukraine will not be a member of NATO". then you may understand that Zelensky is taking money from the west for his prosperity. Zelensky doesn't care about the Ukrainian people who fight on warzone fields, or who are captives in Russia now. Zelensky provoked Putin in a war that you will never win, Because the world understands that Ukraine was One entity with Russia before the Soviet Union collapsed, And the NATO who are not following the international agreements which prohibit NATO from expanding to East. Regardless of Latvia or other countries who joined the Euro. Ukraine is very known to be the Gate to invading Russia. Thus the world will understand the consequences for Zelensky's actions. He is not even willing to hold elections as long as he is still staying in Ukraine. After the war as any defeated president he will fly to get protection of one of his allies, when he already signed on the selling of Ukraine land to Poland benefit for example. Poland should not push you to fight and push you back to don't export your goods through them to make you unable to pay for the war unless by deserted lands.
Pay attention that Putin threatens and threatens,.. Then when Putin moves, NATO is not ready to sacrifice their prosperity to protect Ukraine. They are only ready to sell weapons to Ukraine and get very wealthy because of that. Remember what Biden said, that the money he uses to fund the Ukraine war is spent in the American defense complex not in Ukraine. And remember how many generals in the army buy goods for the army that are priced 3 times higher than the market price (1/3 for the producer + 1/3 for Zelensky + 1/3 for army generals “army generals who use Soldiers Wifes”). Then Normal people in Ukraine (not the war benefiters) will understand why poor who must die and rich shall get richer.
Sorry, "Professor" Wolfe - the Ukraine War started in 2014, and you know that. Stop parroting the Establishment viewpoint - this discredits the rest of your commentary
Richard's analysis of capitalism and, the booms and busts, is incomplete without factoring the role of central bankers and what they do.
Thank You Danny..love your podcasts and we love Richard Wolff..been following him since the old Occupy Wall St days. If the US insists on having an Elder President..get someone like Richard! He is 82 years old and is as sharp as he was 12 years ago...Thank you for the best interviews..we never miss one. Peace out
EXCELLENT ANALYSIS!!! Good job!
Freedom is unstable
Freedom is the only thing stable
Capitalism is what he said
@@carahiggs7157 same thing
Europe projected growth: Not great, not terrible.